The US deficit for August was reported at $344.8 billion (vs $310.0 billion expected), down from $380.1 billion in the same month a year ago.

• Total receipts were up 12.3% YoY to $344.3 billion, reflecting stronger tariff revenue, while total outlays were only up 0.4% YoY to $689.1 billion.
• Total customs duties collected were $29.5 billion in August, up from $27.7 billion in July. So far in FY25, total duties collected were up to $165.2 billion, over 136% higher than a year ago.